AN ACT RELATING TO COURTS AND CIVIL PROCEDURE -- PROCEDURE GENERALLY -- JUDGMENTS, ORDERS, AND DECREES

SB 1014 changes how interest is calculated in most civil court cases by replacing a fixed 12% rate with a variable rate tied to the current yield of 52-week U.S. Treasury bills. This applies to civil judgments for pecuniary damages (e.g., contract disputes, property claims) filed after the bill’s effective date, directly affecting plaintiffs and defendants in these cases. Medical malpractice cases involving healthcare providers are specifically excluded from this change, retaining the existing 12% interest rate with a different calculation start date. The bill aims to align civil interest rates with current federal market conditions rather than using a static percentage.